Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter I - VARIABLE LIFE INSURANCE
Section 3.808 - Application
Universal Citation: 28 TX Admin Code § 3.808
Current through Reg. 50, No. 13; March 28, 2025
The application for a variable life contract shall contain:
(1) a prominent statement that the death benefit may be variable or fixed under specified conditions;
(2) a prominent statement that cash values may increase or decrease in accordance with the experience of the separate account (subject to any specified minimum guarantees);
(3) questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.
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